Formula Systems (1985) (NASDAQ:FORTY) Sees Large Volume Increase - Here's What Happened

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw unusually-high trading volume on Friday . Approximately 1,140 shares traded hands during trading, an increase of 25% from the previous session's volume of 910 shares.The stock last traded at $101.60 and had previously closed at $108.66.

Formula Systems (1985) Price Performance

The firm has a market cap of $1.69 billion, a P/E ratio of 22.87 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The company's 50-day moving average is $96.34 and its two-hundred day moving average is $93.37.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its earnings results on Thursday, May 22nd. The technology company reported $1.23 EPS for the quarter. The company had revenue of $754.68 million during the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Formula Systems (1985) Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 7th will be paid a dividend of $0.9728 per share. The ex-dividend date of this dividend is Monday, July 7th. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio is presently 11.88%.

Institutional Investors Weigh In On Formula Systems (1985)

A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent reporting period. 34.76% of the stock is currently owned by institutional investors and hedge funds.

Formula Systems (1985) Company Profile

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.